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Credit union mortgage lending may be slowing, even as more millennials -- about 33% of whom purchased their first home out of the desire to have a better space or yard for a dog -- enter the market.
July 27 -
Traditional partnerships with lenders have been eroded by compliance strains and new incentives to control more of the homebuying transaction.
June 21 -
The Federal Housing Administration's gateway to homeownership could be widened if the Trump administration takes actions to reduce mortgage insurance premiums and clarify lender penalties under the False Claims Act.
June 2 -
A new tariff on Canadian lumber threatens to further disrupt homebuilding at a time when lenders are increasingly concerned about a purchase mortgage resurgence that has failed to materialize.
June 1 -
Bank of the West is using alternative data and the international expertise of its parent company to tap into the lucrative but difficult to underwrite market of middle- and upper-class immigrant mortgage borrowers.
May 23 -
Down payment standards should be relaxed to just 10% to spur homebuying among millennials, Bank of America CEO Brian Moynihan said this week.
May 19 -
The time needed to close a mortgage improved nine days since the start of the year as the market has shifted to doing more purchase loans.
May 19 -
JPMorgan Chase will give its Sapphire credit card customers 100,000 rewards points for closing home-purchase loans with the bank.
May 9 -
Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.
April 25 -
After years of sitting on the sidelines of the housing market, a growing population of millennials has begun to embrace the financial benefits of owning a home.
April 13